Prosus (OTCMKTS:PROSY) Reaches New 12-Month Low – What’s Next?

Prosus N.V. Sponsored ADR (OTCMKTS:PROSY)’s stock price hit a new 52-week low during trading on Wednesday. The stock traded as low as $8.05 and last traded at $8.0550, with a volume of 38900 shares trading hands. The stock had previously closed at $8.19.

Analysts Set New Price Targets

Several analysts recently issued reports on PROSY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Prosus in a research note on Thursday, July 23rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Prosus in a research report on Tuesday, June 30th. Finally, The Goldman Sachs Group started coverage on Prosus in a research report on Thursday, June 4th. They issued a “neutral” rating on the stock. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.10.

Prosus Stock Down 1.1%

The stock’s 50 day moving average is $8.73 and its 200-day moving average is $9.12.

Prosus Company Profile

Prosus N.V. is a global consumer-internet and technology investment group headquartered in the Netherlands. The company develops, operates and invests in businesses serving consumers and merchants through digital platforms, with activities spanning food delivery, online classifieds, fintech, education technology and other internet services.

Its portfolio has included businesses such as iFood, a food-delivery platform in Latin America; OLX, an online classifieds marketplace operating across multiple international markets; and PayU, a digital payments and financial-services platform.